Question
The average annual return on an Index from 1996 to 2005 was 15.18 percent. The average annual T-bill yield during the same period was 3.88
The average annual return on an Index from 1996 to 2005 was 15.18 percent. The average annual T-bill yield during the same period was 3.88 percent. What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
